Sinochem no longer interested in Noble

Yesterday an elderly client asked me to buy Noble shares for him at 0.62. I refused to, asking him to go to other brokers. My reasons:

  1. Intraday, no strong enough to trade above opening price
  2. Weak stock. Always buy rising stocks
  3. Dont want elderly uncle to lose money

Well, fortunately, saved this uncle lots of money. See this news. Stock is sure to gap down today.

http://www.reuters.com/article/us-noble-m-a-sinochem-idUSKBN18I0X4